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Report Overview
The global fusion splicer market is expected to witness steady growth in the forecast period of 2024-2032, growing at a CAGR of 7.6%.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Optical fibre cable length across the world has surpassed 5 billion kilometres which fuels the demand for fusion splicers.
- The Indian government plans to invest an additional USD 13 billion to expand the optical fibre grid of the country, creating lucrative opportunities for fusion splicers.
- The USD 1.2 trillion federal Infrastructure Investment and Jobs Act is supporting the growth of fibre networks in the United States.
Fusion Splicer Market Share
By Component Insights
The services component is expected to grow at a CAGR of 8.5% in the forecast period and account for the major fusion splicer market share. With the rising complexity of fusion splicers, service providers are increasingly offering specialised training programs to help users navigate advanced features such as automated alignment and splice loss estimation, among others. Major companies such as Fujikura and INNO Instrument are offering on-site training for advanced splicing features. Fusion splicers are equipped with software that may require updates to improve performance or meet new standards in fibre optic networks. Additionally, the growing use of cloud-based analytics and remote diagnostics increases the demand for technical support services.
By Type Insights
As per the fusion splicer industry analysis, core alignment is expected to gain robust growth with a CAGR of 8.2% in the coming years. Core alignment fusion splicers rely on advanced imaging systems for detecting and aligning the fibre cores. This method is crucial for reducing splice loss which makes it ideal for applications such as in 5G networks where signal integrity is critical. The rapid expansion of data centres is fuelling the demand for high-precision splicing which can be fulfilled by the core alignment.
By Application Insights
The fusion splicer industry revenue is increased by their considerable advantages in telecommunications and enterprise sectors. In telecommunications, fusion splicers improve signal quality by delivering precise splicing and minimising signal loss, thus enhancing network reliability and stability. They also speed up installation and maintenance, facilitating quicker service deployment.
For enterprises, fusion splicers enable efficient data transmission with low-loss fibre connections, reduce operational costs through lower maintenance needs, and support network expansion and scalability to meet increasing data demands. Overall, fusion splicers are crucial for enhancing network performance and efficiently managing long-term costs, which further fuels the demand in the market.
Fusion Splicer Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global fusion splicer market value is projected to grow at a CAGR of 7.6% between 2024 and 2032.
The major market drivers include the growing telecom sector, the increasing demand for high network bandwidth and low insertion loss, rapid urbanisation, growing penetration of smartphones and internet in emerging nations, and the rising disposable incomes.
The key trends guiding the market include the growing demand for customised hardware and software and the growing technological advancements.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of fusion splicer are cladding alignment and core alignment.
The leading components of the product in the market are hardware, software, and services.
Telecommunications, enterprise, cable TV, and aerospace and defence, among others, are the significant applications of the product in the market.
The competitive landscape consists of Fujikura Ltd., Furukawa Electric Co., Ltd., UCL Swift NA, Shanghai Xianghe Fiber Communication Co. Ltd, China Electronics Technology Group Corporation, INNO Instruments Inc., Yamasaki Optical Technology, and Gao Tek Inc., among others.
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